AMD stock jumps 77% but analyst warns of limited future CPU gains ahead of earnings

AMD's shares surged 77% since early April driven by optimism around its server CPUs. However, HSBC analyst Frank Lee cautions that AMD may struggle to capitalize further on this trend due to its lack of chip manufacturing capabilities. Investors anticipating an earnings surprise in the upcoming Q1 report might be disappointed. The report will be released on Tuesday, led by CEO Lisa Su.